Bitcoin Securities Exchange Closes $12M Ope...

The company’s notice suggests all market participants verify their BTC or LTC addresses to aid in the coordination of settlement with issuers if necessary. The company regularly sends updated asset holder addresses to issuers. In the case of required settlement outside of BTC-TC, issuers can require each shareholder to issue a statement signed with the address listed in the ownership roster from BTC-TC. GLBSE, a leading bitcoin securities exchange at the time, similarly closed in October 2012. ASICMiner, one of the most prominent issuers in the space, worked closely with shareholders after GLBSE’s closure to ensure securities were appropriately distributed.